Vatis
Short

Bitcoin Bubble Retracement (Fibonacci + Eliott Wave + RSI)

BITSTAMP:BTCUSD   Bitcoin / Dollar
First of all, thanks for your feedback.

On the left side of the fibo flag you have the price borders. It looks like 270 USD should be our last stop before going up. What do you think?
why is 3 after 4 and why does ABC go downwards. think you might be right about the repeat of a elliot wave, but your target is not placed right.
Reply
Vatis smellymoo
1 - I did the small Elliotts in 1 year time border, so it is not perfect in the whole picture
2 - ABC usually goes downwards after the 5th wave. I didn't know how to draw a long term Elliott, so I drew only the downward ABC
Thanks for feedback!
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